January 24, 2019 / 10:44 AM / a month ago

Russia approves $29 bln power plant upgrade programme

MOSCOW, Jan 24 (Reuters) - Russian Energy Minister Alexander Novak said on Thursday that the government has approved the start of a modernisation plan for domestic power plants worth about 1.9 trillion roubles ($28.84 billion).

Russia’s power sector is one of the most competitive in the country, including state players, private investors and foreign companies such as Italy’s Enel .

$1 = 65.8875 roubles Reporting by Anastasia Lyrchikova; writing by Katya Golubkova; editing by Jason Neely

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